08-26-2021, 05:50 PM
What do with a million pounds
<!-- SC_OFF --><div class="md"><p>Purely hypothetical, but I would one day like to have this sum of money for investment. I am pretty new to the idea of investment, but from my limited knowledge the S&P 500 appears to be a very appealing asset, an average of 10% annually of 1,000,000 is 100,000 which is quite a lot for doing nothing. Another asset which I believe would do well, is Bitcoin last year it retuned 327% ROI, which is insane. </p> <p>My question is, would it be a good idea to put 500,000 in S&P 500 and 500,000 in btc, and then just liquidate at the en did the year and then buy back in. My goal of investing like this would be to have a passive income, not to leave it to compound while I work, so I would hypothetically be living off of it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Throwaway69236859"> /u/Throwaway69236859 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pbjnul/what_do_with_a_million_pounds/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pbjnul/what_do_with_a_million_pounds/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Purely hypothetical, but I would one day like to have this sum of money for investment. I am pretty new to the idea of investment, but from my limited knowledge the S&P 500 appears to be a very appealing asset, an average of 10% annually of 1,000,000 is 100,000 which is quite a lot for doing nothing. Another asset which I believe would do well, is Bitcoin last year it retuned 327% ROI, which is insane. </p> <p>My question is, would it be a good idea to put 500,000 in S&P 500 and 500,000 in btc, and then just liquidate at the en did the year and then buy back in. My goal of investing like this would be to have a passive income, not to leave it to compound while I work, so I would hypothetically be living off of it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Throwaway69236859"> /u/Throwaway69236859 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pbjnul/what_do_with_a_million_pounds/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pbjnul/what_do_with_a_million_pounds/">[comments]</a></span>Kind Regards R